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Analysis

Introducing Manchester City Fan Token (CITY) on Binance Launchpool! Farm CITY by Staking BNB, CHZ and BUSD Tokens

November 10, 2021 - Around 3 mins mins to read

Announcement from Binance.com

Users will be able to stake their BNB, CHZ and BUSD into separate pools to farm CITY tokens over 30

days, with farming starting from 2021-11-11 00:00 AM (UTC).

CITY Launchpool Details:

  • Token Name: Manchester City Fan Token (CITY）
  • Total Supply:

    20,000,000 CITY

  • Circulating Supply: 3,708,172 (18.54% of total supply)
  • Launchpool Supply: 291,036 CITY
  • Research Report: Manchester City Fan Token (CITY)
  • Block Explorer: CITY BEP-20 Block Explorer, CITY Chiliz Chain Explorer
  • Staking Terms: No upper limit. KYC required

Supported Pools:

  • Stake BNB: 203,725 CITY in rewards (70%)
  • Stake CHZ: 58,207 CITY in rewards (20%）
  • Stake BUSD: 29,103 CITY in rewards (10%)
  • Farming Period: 2021-11-11 00:00 AM (UTC) to 2021-12-10 11:59 PM (UTC).

CITY Farming Distribution

Dates (00:00:00 – 23:59:59 UTC each day) Total Daily Rewards (CITY) BNB Pool Daily Rewards (CITY) CHZ Pool Daily Rewards (CITY) BUSD Pool Daily Rewards (CITY)
2021-11-11 – 2021-12-10 9,701 6,791 1,940 970
Read about Manchester City Fan Token (CITY) in our research report here.

Please note:

  • Snapshots of user balances and total pool balances will be taken each hour to calculate user rewards, which will also be updated each hour.
  • Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
  • Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
  • Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
  • Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
  • Tokens staked in each pool and also any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.
  • BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.

Project Links

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.

Thanks for your support!

Binance Team

2021-11-10

Find us on

Instagram: https://www.instagram.com/binance

Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.



https://www.binance.com/en/support/announcement/fbc8651b81304e6196a3afa5b209614e

Analysis

Introducing Manchester City Fan Token (CITY) on Binance Launchpool! Farm CITY by Staking BNB, CHZ and BUSD Tokens

Announcement from Binance.com

Users will be able to stake their BNB, CHZ and BUSD into separate pools to farm CITY tokens over 30

days, with farming starting from 2021-11-11 00:00 AM (UTC).

CITY Launchpool Details:

  • Token Name: Manchester City Fan Token (CITY）
  • Total Supply:

    20,000,000 CITY

  • Circulating Supply: 3,708,172 (18.54% of total supply)
  • Launchpool Supply: 291,036 CITY
  • Research Report: Manchester City Fan Token (CITY)
  • Block Explorer: CITY BEP-20 Block Explorer, CITY Chiliz Chain Explorer
  • Staking Terms: No upper limit. KYC required

Supported Pools:

  • Stake BNB: 203,725 CITY in rewards (70%)
  • Stake CHZ: 58,207 CITY in rewards (20%）
  • Stake BUSD: 29,103 CITY in rewards (10%)
  • Farming Period: 2021-11-11 00:00 AM (UTC) to 2021-12-10 11:59 PM (UTC).

CITY Farming Distribution

Dates (00:00:00 – 23:59:59 UTC each day) Total Daily Rewards (CITY) BNB Pool Daily Rewards (CITY) CHZ Pool Daily Rewards (CITY) BUSD Pool Daily Rewards (CITY)
2021-11-11 – 2021-12-10 9,701 6,791 1,940 970
Read about Manchester City Fan Token (CITY) in our research report here.

Please note:

  • Snapshots of user balances and total pool balances will be taken each hour to calculate user rewards, which will also be updated each hour.
  • Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
  • Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
  • Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
  • Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
  • Tokens staked in each pool and also any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.
  • BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.

Project Links

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.

Thanks for your support!

Binance Team

2021-11-10

Find us on

Instagram: https://www.instagram.com/binance

Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.



https://www.binance.com/en/support/announcement/fbc8651b81304e6196a3afa5b209614e

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